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Studio, in Princes Street, £100,000
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0 bed property

Princes Street, Edinburgh EH2
£100,000

Our Summary

  • There is plenty of scope to develop the business further with additional services, the introduction of Saturday and Sunday opening and a fresh marketing drive
  • • Great Location• Repeat Business• Ideal investment opportunity• Great growth potentialTrading for many years, the current trading pattern results in a profitable operation

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Description

Located in a prime central area of Edinburgh, this commercial property sits on a 1,546 sq ft plot with permit parking and generous on-site car parking availability. The business benefits from a high visibility presence and high foot traffic, contributing to its ongoing success. The property has an annual rent of approximately £25,000, translating to around £2,000 per month.

The garage boasts a loyal clientele and offers a comprehensive range of services, including repairs for cars and light vans, routine vehicle servicing, and essential maintenance tasks. The property has a rateable value of £5,400 but currently benefits from 100% rates relief under the Small Business Bonus Scheme for qualifying applicants.